The GBP/USD takes 2 weeks of rises, since the chart was formed in a candle "hammer" type a daily closing April 4, parity has been climbing from 1.4000 to 1.4630, which would be the quoted maximum yesterday.
Ultra short-term, in 5-minute chart we see how the price has tried to break the moving average of 200 sessions and has returned to the previous peak without be able to overcome the resistance.
If the couple breaks support 1.4544-marked it would activate double roof structure with possible target to 1.4468. This would be the minimum target by double roof, although it could fall further after reaching the figure.
We can also observe bearish divergence with RSI oscillator, we see how price makes two maximums in the same area, while the RSI mark two decreasing maximum.
In yesterday's sitting the CAC40 activated double roof structure, with a possible bearish target towards 4387 in the very short term, we will see if meets it or cancels it, is void only to break the top of the figure at 4522 points. It wouldn't be the most reliable structures, because we have the moving average of 200 sessions in ascending phase and would support area to watch.
In the medium term has better technical aspect, since the index has rebounded from the 61.8% Fibonacci of everything that brings bounce and now would have to watch the highs of March 10, where has the resistance marked in yellow at 4568 points.
If the CAC40 exceeds the maximum of 10 March it would activate structure of second bullish momentum with possible target to 4815. In addition if the index exceeds the resistance already we would have increased minimum and maximum Currently the sp500 is trading at 38.2% Fibonacci retracement of the previous fall, so if the index breaks the minimum marked in 2045, probably would have another bearish momentum with possible target by 2020 in the very short term.
It supports important to monitor in the setbacks Fibonacci of everything that takes rise from the minimums listed in 1811 points.
It has relevant support bullish guideline in purple and the minimum of 7 April at 4145 points.
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